My people, make I gist you wetin happun for Neimeth International Pharmaceuticals!
No be small matter o! Dem don show say dem don waka out from their financial wahala as dem land net profit of N982.11m by the end of 2025 financial year. E dey sweet us for body as this one be comeback from N885.33m loss wey dem dey carry waka for 2024. Na strong strategy and market sense wey carry dem go this level o!
Valentine Okelu, wey be Managing Director of Neimeth, talk say e no be luck wey make dem profit. Na serious focus on wetin dey important, like good governance and financial stability. This move don boost investor confidence well well as share price don rise by 59% for January 2025 alone. You fit see say people dey believe in dem now!
Okelu talk say three main things don help dem jigi this growth. First na strong volume growth, second na how dem manage cost well, and last na how dem restructure all those wahala wey concern foreign debts. E be like say dem no wan hear about wahala again, so dem restructure their loans to long-term with 10 years tenor. Dis one go set dem well for smooth operation.
As dem dey chop success, dem no dey rest o! Neimeth dey plan to double their manufacturing capacity. Dem don raise N20bn from shareholders to make sure sey their WHO-standard factory wey dey Amawbia, Anambra State, go land better. Dis factory go be like headquarters for excellent drug production across the continent! Dem dey serious on this, no be joke.
Okelu no just talk wetin dem dey do, e also clear us sey dis N20bn wey dem raise no be small money; na to make sure sey dem fit expand their business, reduce cost of financing, and enhance dem production capacity. Na true sense wey dey guide dem strategy.
He further dey yarn say dis facility wey dem dey build go improve the whole Naija manufacturing game. Dem dey follow WHO standard wey go put dem for front when e reach health matters for Africa. Neimeth dey push for change wey go help naija pharmaceuticals industry, calling for patient capital. Wetin dem mean be sey, make government fit support dem during di long wait wey dey come with manufacturing.
Even on top fake drugs matter, Okelu dey shine eye. Dem don use scratch-card technology wey go dey help confirm original products. Dis method go help fight as counterfeiting dey spoil market. Dem dey change wetin dey distinguish their products as well. Na wise moves na dere dey!
As Neimeth dey carry out these plans, we go dey follow dem sharp-sharp. Naija no dey sleep, we go dey watch out for more updates and we go make sure sey dem no fall back into any financial troubles again.
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